Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
CIDC investment report: $41.9 million market value; interest reinvested, board weighs debt-paydown timing
Summary
Conroe IDC’s investment officer reported a $41.9 million ending market value for quarter two and a 4.36% yield-to-maturity; the board discussed whether to keep earnings reinvested or apply funds to debt service and approved the report by voice vote.
The Conroe Industrial Development Corporation on June 26 received its second-quarter investment report covering Jan. 1–March 31, 2025, that showed an ending market value of about $41.9 million and interest earnings of roughly $458,000.
Michael (investment presenter) said the portfolio’s yield to maturity was 4.36% and that holdings were highly concentrated in investment pools (about 92.6%), with 7.16% in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
